The valuation for the global aqua gym equipment market was around US$ 656.2 million in 2023 and is projected to reach US$ 1,169.2 million by 2034. The market is expected to exhibit a CAGR of 5.40% over the forecast period.
The prevalence of obesity and arthritis and an increase in the incidences of joint illnesses in the aging population are expected to drive the aqua gym equipment market over the forecast period. The growing popularity of aqua sports in developed countries is likely to generate appealing opportunities for players in the global aqua gym equipment market.
To increase their aqua gym equipment market share, most vendors are producing unique items that address specific training goals. Due to the increased interest in sports and physical training, the aqua gym equipment market is likely to grow in the near future. Furthermore, the increased investment in aqua therapies is increasing demand for aqua gym equipment.
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Water training is being adopted by an increasing number of professional football players and other sportsmen to supplement their exercises and improve their aerobic capacity and strength. This is likely to increase the value of the aqua gym equipment market throughout the forecast period.
The frequent type of arthritis is osteoarthritis, which is a common illness among the elderly. Osteoarthritis of the hip and knee causes symptoms such as pain, stiffness, limited range of motion, and trouble performing everyday physical activities.
Product innovation is another factor that contributes to the expansion potential of the market. Advances in technology, such as the release of apps that connect to equipment and provide vital updates on bodily performance, are projected to create substantial potential in the industry.
“Consumer awareness of the importance of maintaining a healthy lifestyle, as well as the importance of weight-bearing workouts, is driving market growth. The sector is fueled by the numerous health benefits associated with aqua gyms, such as cardiovascular endurance, muscle strength and flexibility, and others,” says an analyst at FMI.
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Key Takeaways from the Market Study
- The global aqua gym equipment market is estimated to register a CAGR of 5.40% and reach a valuation of US$ 1,169.2 million by 2034.
- The United States market is anticipated to register a 3.80% CAGR during the forecast period.
- China is significantly driving the global market with an expected CAGR of 5.50% through 2034.
- The market in Australia is anticipated to secure a CAGR of 6.20% over the forecast period.
Competitive landscape
The aqua gym equipment market players are continuously focusing on the production of innovative equipment and systems. They are diversifying their product portfolios to cater to a wide range of consumer preferences and fitness needs. Top aqua gym equipment brands include cutting-edge technology, materials, and designs to stay ahead of the competition.
Recent Development
- In 2023, Acquapole S.A.S. introduced a new line of aqua exercise equipment, which includes resistance bands, buoyancy belts, and aquatic dumbbells.
- In 2023, Speedo International developed a strategic alliance with the Finnish Swimming Association and swim teams in collaboration with the sports store Intersport Sello. This collaboration has successfully enhanced Speedo’s market footprint by increasing its regional operations.
Key Segments
By Product Type:
- Water Weights
- Water Barbells
- Ankle and Wrist Weights
- Water Dumbbells
- Machines & Equipment
- Aqua Treadmills
- Aqua Ellipticals
- Aquatic Walkers
- Aqua Twisters
- Aqua Steppers
- Aqua Cycles
- Aqua Climbers
By Buyer Type:
- Individual
- Institution
By Consumer Group:
- Men
- Women
By Distribution Channel:
- Specialty Stores
- Online Retail
- Sport Stores
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights, Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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